[The Typing Baker] A Peek into the Super Rich's Library That Never Gets Old

Written by Kim Hak-ryeol, Kim Rosa, and Kim Ik-su / Readersbook

[Asia Economy Reporter Lee Ji-eun] Everyone dreams of becoming rich. If you ask anyone if they want to be wealthy, no one would answer otherwise. This is why books depicting the habits and secrets of successful wealthy people consistently make bestseller lists, and why books with titles like "The ㅇㅇ of the Rich" keep being published without losing popularity. This book, bluntly titled "The Reading Habits of the Rich," broadly falls into that category of books.

This book was co-authored by Kim Hak-ryeol, head of the real estate research institute at The Research Group, better known by his pen name "Ppasion," book creator Kim Rosa, and Kim Ik-soo, producer of the podcast "Dadok Dadok." The three authors compiled books related to wealth that were introduced on the "Dadok Dadok" podcast. The first chapter introduces books about investment principles, the second chapter recommends humanities books that indirectly help understand investment trends, and the third chapter introduces books related to humans, such as anthropology and psychology.

The first chapter introduces seven books, including Nassim Taleb’s well-known "Fooled by Randomness," "100x Stocks," which teaches how to find stocks that yield 100 times returns, and the original and representative steady seller of the rich series, "Rich Dad Poor Dad." "Fooled by Randomness," Taleb’s early work published in 2001 and released in Korea in 2016, warns that what we perceive as wealthy people might just be those who have experienced luck by chance, emphasizing conservative and principled investing. "100x Stocks" introduces indicators such as low return on equity (ROE), a company’s economic moat, and owner management to help identify companies that can increase 100-fold if held for a long time.

The second chapter recommends seven well-known humanities books such as Jared Diamond’s "Guns, Germs, and Steel," Yuval Harari’s "Sapiens," and Edward Glaeser’s "Triumph of the City." The book briefly introduces the motivation behind "Guns, Germs, and Steel." In 1972, while Jared Diamond was studying bird evolution on New Guinea Island, a local named Yali asked him, "Your white people developed so many 'cargo' and brought them to New Guinea, but why can’t we black people make such cargo?" This question became the starting point for Diamond to publish the book 25 years later. By examining how Western civilization came to dominate the world, one might also find the sources of wealth creation within it.

The third chapter introduces nine books, including Richard Thaler’s "Nudge," Carnegie’s "How to Win Friends and Influence People," and "The Millennials Are Coming," which sheds light on millennials. Understanding the principles of money and the flow of money is important, but above all, understanding humans is essential. The "Ppasion’s Addendum" section following the book introductions recommends additional books to read and includes QR codes linking directly to the "Dadok Dadok" podcast episodes. Since nearly 25 books are introduced, some are only briefly covered, but by scanning the QR codes and listening to the broadcasts, readers can enjoy a deeper reading experience. This book vividly reflects the recent trend in bookstores where reading is expanding and broadening through new media like podcasts.

This content was produced with the assistance of AI translation services.